The institutional Ethereum treasury race is accelerating, as two of the biggest corporate Ether holders are raising billions of dollars to acquire more of the world’s second-largest cryptocurrency.
Public Bitcoin mining firm BitMine Immersion Technology is raising $24.5 billion through an at-the-market (ATM) stock offering, while data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/ether-machine-buys-15k-eth-57m-purchase” title=”null”>SharpLink completed a $389 million capital raise from common shares.
Whales, or large crypto holders, have also been accumulating ahead of this week’s key US inflation reports. A new entity data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/new-crypto-whale-buys-1-3b-ether-us-inflation” title=”null”>acquired $1.3 billion worth of…
